Description

Global Biogas Upgrading Equipment Market 2016-2020 Description

Biogas is produced through anaerobic digestion of organic matter in which bacteria degrade biological material in the absence of oxygen. It is a renewable fuel that contains a mixture of methane, hydrogen sulfide, and carbon dioxide. Biogas is mostly used in farms where the waste and residue are converted into sustainable green energy.

Technavio’s analysts forecast the global biogas upgrading equipment market to grow at a CAGR of 9.34% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global biogas upgrading equipment market for 2016-2020.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Biogas Upgrading Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Clean Energy

Greenlane

Pentair Haffmans

Xebec

Other prominent vendors

Carbotech

Air Liquide

Acrona-Systems

Energy & Waste Technologies

HAASE Energietechnik

Market driver

Need for cleaner fuels

For a full, detailed list, view our report

Market challenge

Fall in gas prices

For a full, detailed list, view our report

Market trend

Increased adoption of natural gas vehicles

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Commenting on the report, an analyst from Technavio’s team said: “A trend which is boosting market growth is the rising adoption of natural gas vehicles. Upgraded biogas has been meeting expectations regarding production in the pilot projects and reducing the GHG has made it possible for use as a transportation fuel with a large potential for biogas producers. The governments in countries like the US, the UK, Sweden, Italy, and China are promoting the usage of renewable natural gas. Its usage in the transportation sector can reduce GHG emissions by 30% less carbon dioxide and an average 50% less NOx emissions when compared to equivalent diesel vehicles. Moreover, there is a 40%-50% reduction in cost, which is driving the naturally gas powered vehicles.”

According to the report, a key growth driver for this market is the need for cleaner fuel. The rise in GHG emission levels and the need to diversify the energy mix have driven the demand for efficient and cleaner alternative fuels such as biogas, biodiesel, and ethanol. With research and development efforts worldwide, biogas has gradually moved to large-scale commercialization and has also resulted in increased investments in technologies globally.

Further, the report states that one challenge that could restrict market growth is falling gas prices. The abundance of a gas discovery in the recent years has led to the increase of gas reserves globally. The over-supply of gas has resulted in a drop of the gas prices.